Fairness and Solvency Opinions

Our team has particular expertise in situations where advisor independence is paramount and scrutiny is elevated.

Duff & Phelps Ranked #1 for Announced Fairness Opinions in the U.S. and Globally in 2019, according to Thomson Reuters’ “Global Mergers & Acquisitions Review - Full Year 2019."

Duff & Phelps is a global leader in Fairness Opinions and Special Committee Advisory, ranking first for announced fairness opinions the past five years. Since 2005, we have provided more than 900 fairness opinions (nearly $370 billion in deal value) for clients contemplating:

• Sell side / buy side mergers & acquisitions
• Spin-offs, split-ups, divestitures
• Going-private transactions
• Related-party transactions

Duff & Phelps has rendered 900 Solvency Opinions ($3.9 trillion in deal value) related to:

• Dividend recapitalizations
• Debt refinancings
• Intercompany restructurings
• Spin-offs and split-offs
• Duff & Phelps also has dedicated expertise in Commercially Reasonable Debt Opinions and ESOP and ERISA Advisory.

Differentiators

• Core Practice: Ranked #1 for Fairness Opinions in the U.S. and globally the past five years and is a leading financial advisor for solvency opinions (more than 1,800 fairness and solvency opinions and $4.3 trillion in deal value since 2005)
• Independence: Vast majority of our opinions involve transactions in which Duff & Phelps is not the investment banker
• Analytical Rigor: Comfortable providing opinions in transactions involving minority interests, debt securities and those transactions lacking a market-clearing mechanism